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20130216
20130216
Search Results 0 to 4 of about 5 (some duplicates have been removed)
? >> that is right. >> would it be reasonable, confronting a fiscal cliff in january, potential debt ceiling default in march, sequestration, or ceiling default in february, sequestration in march, government shut down in april, another potential debt ceiling in may, could shake the confidence of some investors in our ability to deal with our responsibilities? >> yes. we think the crisis mode of fiscal policy over the last few years is reducing people's confidence. how big of an effect that is, we don't know. >> the gentleman's time has expired. >> i think by anyone's objective measure in this town or country, we would consider you a smart man and a good economist, right? >> thank you. >> it befuddles me, it strikes me that some of us want to spee chify other than uses precious time to engage you in questioning. -- use this precious time to engage you in questioning. i will try to continue on in that regard. speaking of speechifying, we heard it is impossible to get ourselves out of this debt situation by spending cuts alone. i want to understand if i am correct that the cbo projects that revenue w
, and the debt ceiling. the sequester, it really aims at the wrong side of the problem. the long-term challenge is entitlements, the sequester is fundamentally about discretionary spending, from a fiscal hawk point of view it doesn't get to the issue. >> what you say, ron, revenue, additional tax increases? >> from a -- tactical point of view, the democrats are putting themselves in the position by not getting everything they want. asking the republicans to come back and asking for a second tax increase is asking for a lot, politically. >> what about that dana? >> absolutely, the moment the deal was struck on new year's eve or new year's day, kind of a blur, republicans came out and said if the democrats think they will get anymore tax increases they're living on mars. it is not going to happen. it is it, we're done, not going to happen. you're exactly right, we're done. what is so fascinating, making people frustrated with washington right now is exactly what you said, ron, the whole point of the sequester was to cut in places that hurt, because they did that to force congress to do what was h
and that was the case with the fiscal cliff deal and the previous debt ceiling fights. on the sequester you're not going to see real negative consequences or a lot of americans potentially losing jobs up until early april at the earliest. that's why you're not seeing a lot of movement on this now. >> lynn, this is how one person is spending his congressional recess, senator marco rubio just announced he is going to join israel ahead of secretary of state john kerry, ahead of the president himself. how should we read this? >> first of all it's telling he didn't say he's also going to the west bank, perhaps he is. most often these trips do include that, that he didn't want to mention if indeed what you showed was the release, that's an interesting angle to follow up on. this is what lawmakers do to season themselves, to become experts. is he not seen as necessarily an expert on international affairs right now and this is one of the areas that you go and by the way, if you wonder why a florida senator would be going to israel, it's because it's a major voting body within the state of florida. there's nothi
Search Results 0 to 4 of about 5 (some duplicates have been removed)